Atria Wealth Solutions Inc. Invests $228,000 in Corpay, Inc. (NYSE:CPAY)

Atria Wealth Solutions Inc. bought a new stake in Corpay, Inc. (NYSE:CPAY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 675 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avion Wealth grew its stake in shares of Corpay by 1,011.1% in the fourth quarter. Avion Wealth now owns 100 shares of the company’s stock valued at $33,000 after buying an additional 91 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Corpay by 130.4% in the fourth quarter. Versant Capital Management Inc now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 60 shares in the last quarter. Huntington National Bank grew its stake in shares of Corpay by 43.0% in the third quarter. Huntington National Bank now owns 133 shares of the company’s stock valued at $42,000 after buying an additional 40 shares in the last quarter. Quarry LP bought a new position in shares of Corpay in the third quarter valued at $42,000. Finally, Spire Wealth Management bought a new position in shares of Corpay in the fourth quarter valued at $42,000. 98.84% of the stock is owned by institutional investors.

Corpay Stock Up 0.7 %

CPAY opened at $366.99 on Friday. Corpay, Inc. has a fifty-two week low of $247.10 and a fifty-two week high of $400.81. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.05 and a current ratio of 1.00. The company has a market capitalization of $25.58 billion, a P/E ratio of 26.25, a P/E/G ratio of 1.32 and a beta of 1.28. The stock has a fifty day moving average of $365.02 and a 200-day moving average of $345.73.

Corpay (NYSE:CPAY) last posted its earnings results on Wednesday, February 5th. The company reported $4.96 earnings per share for the quarter, missing analysts’ consensus estimates of $5.37 by ($0.41). Corpay had a return on equity of 41.46% and a net margin of 25.25%. On average, equities analysts expect that Corpay, Inc. will post 19.76 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard Macchia sold 2,427 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $375.23, for a total value of $910,683.21. Following the transaction, the director now owns 12,215 shares in the company, valued at approximately $4,583,434.45. This trade represents a 16.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on CPAY. Wolfe Research raised shares of Corpay from a “peer perform” rating to an “outperform” rating and set a $420.00 target price for the company in a research note on Wednesday, January 8th. Royal Bank of Canada raised their price target on Corpay from $354.00 to $400.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods raised their price target on Corpay from $415.00 to $445.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Citigroup assumed coverage on Corpay in a report on Tuesday, January 14th. They set a “buy” rating and a $430.00 price target for the company. Finally, Wells Fargo & Company raised their price target on Corpay from $340.00 to $375.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $399.71.

About Corpay

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.